Interface (NASDAQ:TILE) Downgraded to “Hold (C+)” Rating by Weiss Ratings

Interface (NASDAQ:TILE) was downgraded by investment analysts at Weiss Ratings from a “buy (b-)” rating to a “hold (c+)” rating in a research report issued on Wednesday,Weiss Ratings reports.

Other equities research analysts also recently issued research reports about the stock. Barrington Research restated an “outperform” rating and issued a $32.00 price objective on shares of Interface in a research note on Friday, August 29th. Zacks Research downgraded shares of Interface from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, Wall Street Zen upgraded shares of Interface from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Interface has a consensus rating of “Hold” and an average target price of $32.00.

Interface Price Performance

NASDAQ TILE opened at $26.99 on Wednesday. The company has a 50 day simple moving average of $27.22 and a 200-day simple moving average of $22.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.88 and a quick ratio of 1.59. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.06 and a beta of 2.07. Interface has a 52-week low of $17.24 and a 52-week high of $30.20.

Interface (NASDAQ:TILE) last issued its quarterly earnings data on Friday, August 1st. The textile maker reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.13. The firm had revenue of $375.52 million for the quarter, compared to analyst estimates of $360.57 million. Interface had a net margin of 7.08% and a return on equity of 18.97%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that Interface will post 1.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Interface news, VP James Poppens sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $26.14, for a total transaction of $130,700.00. Following the completion of the sale, the vice president directly owned 124,616 shares of the company’s stock, valued at approximately $3,257,462.24. The trade was a 3.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Bruce Andrew Hausmann sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $26.95, for a total value of $673,750.00. Following the sale, the chief financial officer directly owned 145,403 shares of the company’s stock, valued at $3,918,610.85. This represents a 14.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 109,497 shares of company stock valued at $2,839,573. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Interface

Several institutional investors have recently modified their holdings of the stock. Nuveen LLC acquired a new position in shares of Interface in the first quarter valued at approximately $15,505,000. Pacer Advisors Inc. acquired a new position in Interface during the 1st quarter worth approximately $8,635,000. CW Advisors LLC acquired a new position in Interface during the 1st quarter worth approximately $6,208,000. American Century Companies Inc. boosted its position in Interface by 11.1% during the 1st quarter. American Century Companies Inc. now owns 2,214,325 shares of the textile maker’s stock worth $43,932,000 after acquiring an additional 222,029 shares during the last quarter. Finally, Congress Asset Management Co. boosted its position in Interface by 9.1% during the 2nd quarter. Congress Asset Management Co. now owns 2,473,541 shares of the textile maker’s stock worth $51,771,000 after acquiring an additional 206,962 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

About Interface

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.